By Jason Simpkins Associate Editor After having its first takeover proposal rejected by Rio Tinto PLC (RTP), BHP Billiton Ltd. (BHP) appears poised take another shot at wooing its fellow mining giant. Rio Chief Executive Officer Tom Albanese rejected BHP's initial $127 billion offer, saying it "significantly undervalued Rio Tinto and its prospects." Albanese also […]
Archives for January 2008
January 2008 - Page 8 of 15 - Money Morning - Only the News You Can Profit From
Global Investing Roundup
Tesco Gets a Boost From Global Business; AgFeed Buys the Farm; Marshall & Ilsley Banks a Profit; Hypo Shares Down a Third Tesco PLC (TSCD), the largest retailer in Britain, bucked the recent trend of poor sales among U.K. retailers when it announced its holiday sales results, AFP reported. Sales were up 12.8% overall for […]
Uranium's Price Surge Proves Costly for Areva
By Staff Reports French nuclear energy giant Areva SA (PINK: ARVCF) will pay 50% more for uranium mined in Niger, while investing more than $1.49 billion in the country's as yet untapped Imouraren deposit – possibly the second largest in the world – according to an agreement signed this week, Bloomberg reported. The price Areva […]
Why the Gulf's Currency Integration Will Benefit International Investors
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report On Jan. 1, six Gulf states joined together – Saudi Arabia, Qatar, Bahrain, Oman, the United Arab Emirates (UAE) and Kuwait – to form a single common market, not unlike the European Union (EU), which has served as its model. The common market, valued at […]
Outlook 2008: Four Safe Picks in the Volatile, but Promising Asia Market
Editor's Note: This is the 15th Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Following a spectacular run up last year, many investors are wondering what's next in Asia. We are, too. The steady stream of news so far this year […]
Outlook 2008: Five Ways to Profit From Soaring Agricultural Prices
Editor's Note: This is the 14th Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. By Don Miller Guest Writer In the agricultural-commodities arena last year, grains put on quite a show. And while we have seen signs of corrections in some commodities in recent weeks, we continue to believe that the […]
Global Investing Roundup
China Mobile Hangs Up on Apple; United Arab Emirates Go Nuclear; LG Phillips Posts Crystal-Clear Profits; M&T Bank 4Q Earnings Dive 70%. China Mobile Ltd. (CHL) and Apple Inc. (AAPL) have ended talks about a possible partnership to sell the popular Apple iPhone in China. Apple had hoped to take advantage of China Mobile’s 350 […]
Citigroup Courts Foreign Investment As Another Round of Writedowns Looms
By Jennifer Yousfi Managing Editor Despite all of its troubles to date, Citigroup Inc. (C) still needs to write off an additional $24 billion in subprime and credit-related losses. That has forced the battered bank to turn to foreign investors for yet another capital infusion. Citigroup will be announcing its fourth-quarter earnings, sure to be […]
SK Telecom Shares Soar On Billion Dollar China Investment
By Jennifer Yousfi Managing Editor Shares of Korea-based SK Telecom Co. Ltd. (SKM) had a great trading day yesterday [Tuesday] based on returns from its shrewd investment in China Unicom Ltd. (CHU). Hong Kong-listed China Unicom had a 6.6% gain after a local newspaper reported China's government had approved a restructuring plan for the country's […]
Emerging Markets Continue to Offer Opportunity Despite Possible U.S. Recession
By Jason Simpkins Associate Editor A narrowing trade surplus and declining money-supply growth in China has some analysts worried about the prospects of global growth, particularly as the U.S. economy flirts with the possibility of recession. But the red-hot Asian markets may prove more resilient than many think. China raised its interest rates six times […]